Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-10-13
MONEY CHANGERS.
u,raI Bankers Association In
IDS Nrnr,;ou Assembled at Pitts
burg. Pennsylvania.
.5sressss about the Future of
Intere and the Z stations of
labor and Capital.
...n1nNAL BANKERS.

,prRG. Pa, Oct. l2.-The annual
I'LL a If the American Bankers Asso-
ro 1e.,on commenced at the Grand opera
c'Io 4bis morning. When the meeting
hoa' lied TO order at 1880 O'Clock, some
g.' sS.nrpsensstiVes of leading financial
Wv .. . of the country were present
ln n nspiel Agnew, ex-Chief Justice OF
hoI c,,nreue Court of Pennsylvania, made
W 80. .Sdrsss Of welcome. at the conclu'
ins J,dge Agnew's remarks, Logan
EoD u IL nTesident of the association,
g , I'D his annual address.
1DpsEss OF PRESIDENT LOGAN C.
ou,,r1EwEN-When your kindness
Oh ss;,tod 10 me the charge Of presiding
coI III. meeting, think was also chsTg-
81 ~. [isa the duty Of calling your attention
e0 w. noculiar needs Of the profession,
70 , .nT which has failed of accom-
ID . II-rTt and to our relation to the
$ p l.sa At I,rge, and to collateral
Srsncbes of industry: ~
OI1 15s 0uestion, sis life worth living2"
~ ba answered by another: "What
Il,isn We may answer very properly:
iIs' pfs that is spent in giving to others
d iI' hundred fold, if possible. of what We
o a..I We Is it not true that from our
L aIc5o of peculiar honor we may be able to
glJr the burden OF those whose hands
wasry with daily toll? Let US not
sl9 therefore, to seek out in the process
70 90 arr Investigations such avenues as lead
VI sSis accomplishment while we are Civ
az tbought TO ourselves. 1t amounts to
US ssob vv6ether the man ahead of you, or
8 4s I'm r.n along with you in tbs journey, is
.Iow on fast, Wretched or prosperous. He
& o oig, impedes you, or, on the other hand,
s ..Te ron on, 10 matter in what pursuit
10 Is engaged: Emerson said: Every
man takes care that his neighbor shall
moi cheat h n, but g DAY comes when he
8 bsgins TO care THAI he does not cheat his
oeigbbor. Then all goes well. He has
changed his market cart into a chariot of
+ the SUM-"
Perhaps in no other city on this CONT
a nent could the representatives of our
4 orest money interests have met, face to
tsee, with so large body of skilled work
ingnen as in the city of Pittsburg. If it
Tere pOssible, should like TO have them
listen to what We, as bankers, have to say
TO them as Workingmen, constantly upon
tbe common ground that prosperity to
then means prosperity to us; without
the one the other is absolutely impossi-
4 BILE: the reverse, that unless the owner
Of the mill finds market for the products
Of skilled labor, which can only be
brought about by wise, complete, IN
falling snd steady going financial machin-
cry, you may be sure that when fnan-
cisl disturbance occurs, that is, when the
channels Of finance do not run smoothly,
the wo1kingman will feel it more quickly,
practically and distressiugly than any
other msn in the community, because the
mill-eWner must have good bank TO COM
duct his exchanges between himself, for
eiga countries and distant cities, and
bling back the money which has already
been expended in manufactures, and re-
invest it in raw material for the hands of
the workers. If the railroads cannot get
help OF capital they must cease to be built;
iron and steel bolts and brass work, and
all the varied industries, must stop until
the moneyed man gives the railroad man
the necessary money to push his enter
prise, and through him the workingman
is given employment, so that it is impos-
sible for one member Of this great body
to be prosperous whilst the other is Ian
gushing, and l undertake to say that the
prosperity Of both the WorkingmGn and
The banker depends upon the cOmpletest
harmony, ard that labor disturbances
quickly disturb money affAirs and both
suffer meanwhile, until reSson and COM
mon sense asserts itself, and desire to
ass the clergymen, the priests, the bishops
and the ministers, if, from their pulpits,
they are doing their duty in these times
Otdiscontent in preaching TO the people
constantly the doctrine Of mutual depend
ence OF labcTers and capitalists, rs an off
set TO the doctrines lsboring men con-
SANITY receive, that the money man can
never be the friend of the laboring mar.
We must never expect that in political
meetings, or On the floor of Congress, the
uuth will be told by politicians to the
people concerning these things, and be-
AeVe the cIergymeD, who constantly have
tne ear OF the people, should be students
OF the question, and ready for good in
hQenee rather than uttering single word
OF dlsccrd-this is their profession. The
american clergy is expected to teach that
America is Gods most eloquent gift to
mankind Of ell material things.
Speaking for this vast company Of
assembled representatives of what is
commonly known as the money power,
iace to face with the representative work
insmFn OF the country in this initial city,
lei me ask: Whist are our differences?
nave We any? Do we have faith in each
otnef! No man or set Of men ever &C
!eomplised anything who did not believe
II something. We must have belief and
lSlth and act on it. The human family
was not crested for war Of classes, but
harmony OF department is expected OF
every class, and only in this harmony will
church bells sing OF peace and rest, hos
oltals open wide their doors for the
nelmed, the sick, and the blind, and the
give the boy his chance.
let we see the boy who has learned his
trade at night school turned away from
WORK by the trade union; the Newfound-
Iand fisherman prohibited from selling
oalt to the Ys kee fisherman, although he
cannot use it himself.
ln five wards IN the city of New York
$4,000 children of the poor are now awsit.
ing school accommodations. What is tC
supply this want? But it is sure to be
supplied.
d large percentage of the bankers who
compose this association are men who
are closely identified with the farming
re. f.